Comstock (NYSE:LODE) Upgraded at StockNews.com

Comstock (NYSE:LODE) was upgraded by investment analysts at StockNews.com to a “sell” rating in a research report issued to clients and investors on Wednesday.

Separately, Noble Financial lowered Comstock from an “outperform” rating to a “market perform” rating in a research report on Wednesday, December 18th.

Comstock Stock Up 2.9 %

Shares of NYSE LODE traded up $0.07 during midday trading on Wednesday, reaching $2.49. 302,703 shares of the company’s stock were exchanged, compared to its average volume of 757,149. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.45 and a current ratio of 2.45. Comstock has a 52-week low of $1.25 and a 52-week high of $10.10. The business’s fifty day moving average price is $3.66 and its two-hundred day moving average price is $3.88. The stock has a market capitalization of $58.53 million, a PE ratio of -20.75 and a beta of 1.59.

Institutional Investors Weigh In On Comstock

Hedge funds and other institutional investors have recently modified their holdings of the stock. XTX Topco Ltd grew its stake in Comstock by 43.9% in the fourth quarter. XTX Topco Ltd now owns 108,408 shares of the company’s stock worth $87,000 after purchasing an additional 33,095 shares in the last quarter. CGN Advisors LLC bought a new position in Comstock during the 4th quarter worth approximately $31,000. PEAK6 LLC acquired a new position in shares of Comstock in the 4th quarter worth approximately $156,000. Quadrant Private Wealth Management LLC increased its holdings in shares of Comstock by 45.0% in the 4th quarter. Quadrant Private Wealth Management LLC now owns 725,000 shares of the company’s stock valued at $580,000 after acquiring an additional 225,000 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC raised its position in shares of Comstock by 1,250.0% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 270,000 shares of the company’s stock valued at $216,000 after acquiring an additional 250,000 shares in the last quarter. Institutional investors own 7.96% of the company’s stock.

Comstock Company Profile

Comstock Inc engages in the systemic decarbonization business in Nevada and internationally. It operates through Renewable Energy, Mining, and Strategic and Other Investments segments. It will develop technology for the deploying of extraction and refining facilities that convert wasted and unused biomass and other natural resources; and a demonstration system to extract black mass containing lithium, graphite, nickel, cobalt, manganese, copper, aluminum, and other metals from up to lithium-ion batteries.